Capri Faces Brand Challenges in Q3

Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group known for its brands Versace, Jimmy Choo, and Michael Kors, released its third-quarter earnings on February 5, 2025. The company faced significant headwinds as it reported adjusted EPS of $0.45—a notable miss against analysts’ expectations of $0.657. The revenue of $1.26 billion exceeded forecasts of $1.255 billion by $6 million but was down 11.6% from the previous year. Overall, the quarter reflected operational challenges, with declines in profitability, particularly hurting its brand segments.Source: Analyst estimates for the quarter provided by FactSet.Capri Holdings operates three renowned fashion brands: Versace, Jimmy Choo, and Michael Kors. It is deeply involved in the luxury sector, offering products ranging from high-end handbags and shoes to accessories and ready-to-wear clothing. The company’s diversified brand portfolio aims to reduce risk and capture growth opportunities across its market segments.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool